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Please read carefully our disclaimers at the end of this newsletter. Market Stance: BULLISH (since September 18, 2008) Contents
Performance
* An average of managed accounts, net after all commissions and fees. Click here for more performance data. Click here for information on managed accounts. Bought S&P Depository Receipt (SPY)
* Buy prices shown are net after commissions and fees. Today, Friday, September 19, 2008, I bought SPY, first for client accounts, then for my personal accounts. This adds to the position I established late yesterday. I am putting all remaining cash to work. The events of this week are truly of historic proportions. This morning's extraordinarily strong open was an example. The S&P was up as much as 6% just in the first half-hour of trading today. I could hardly ask for stronger confirmation that my bullish call late yesterday was a good one, at least in the short term. I still very much worry that this rally will be short-lived, and I stand ready to retreat to cash on very short notice. But I do sense at least a trading opportunity here. I think there is more upside just ahead. The government announced extraordinary steps to shore up troubled financial institutions, and this seems to be restoring investor confidence, at least temporarily!! I'm seeing incredible buying volume late yesterday and this morning, and it is this volume that has persuaded me to set aside at least temporarily my technical indicators (which remain overall bearish) and ride the coattails of the S&P 500. -KD, Friday, September 19, 2008 Model Portfolio
* Buy prices shown are net after commissions and fees. ** Current prices are at least 20 minutes old. Welcome to The Deen's ListTM, an e-mail stock newsletter from Deen Capital Management, Inc. My intention is to inform you as quickly as is practical regarding my stock market moves. When I buy or sell a stock, first I take care of client accounts, then I buy/sell for my personal account(s), and then, third, I send out this newsletter. Your feedback is welcome. Send e-mail to deenslist@deencapital.com. To subscribe or unsubscribe, include the word "subscribe" or "unsubscribe" in the Subject line. This newsletter is free to managed account clients. For a limited time, it is also free to all interested parties. Your personal information, including your e-mail address, will be held in strict confidence by Deen Capital Management, Inc. We will not share it with or sell it to others. All stocks discussed in The Deen's ListTM involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's ListTM or purchased by Deen Capital Management, Inc. will be profitable. Past performance is not necessarily indicative of future results. The information contained herein has been compiled from sources deemed to be reliable; however, we are not responsible for its accuracy or completeness.
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